Continued Decrease in Foreign Exchange Protected Deposits

Last week saw a withdrawal of 32.8 billion liras from foreign exchange protected deposit accounts. The total balance of these accounts decreased to 846.6 billion liras. The decline in foreign exchange protected Turkish Lira deposits and participation accounts persists. According to the weekly bulletin published by the Banking Regulation and Supervision Agency (BRSA), the balance […]

Ice Cover Melting in Oceans: Record Decline in Ice Levels

Concerning new warnings have emerged regarding global warming. In February, temperatures rose above average as a record decrease in sea ice cover was recorded. Sea ice cover has retreated to its lowest level ever. The data obtained has heightened concerns about global warming. The current situation was announced by the Copernicus Climate Change Service, a […]

Women Earn Less, Fear Walking Alone

Women represent 49.98% of Turkey’s population. According to TURKSTAT data, women earn less than men at all educational levels. 36 out of 100 women reported feeling anxious when walking alone at night. The Turkish Statistical Institute (TURKSTAT) revealed the results of the study “Women in Statistics 2024”. Accordingly, 49.98% of the country’s population consists of […]

Tether Initiates Battle: Crypto Exchange Garantex Suspends Operations

The Russia-based crypto exchange Garantex announced a temporary halt in its operations due to the blocking of crypto wallets. In a written statement from Garantex, subjected to sanctions by the European Union, it was reported that around $28 million worth of crypto wallets on the platform had been blocked by Tether. The statement indicated that […]

Allegation of Layoffs at the CIA: “Newly Hired Employees in Past 2 Years Targeted”

The Central Intelligence Agency (CIA) is reportedly starting to lay off some employees hired within the past 2 years. These individuals are said to be “probationary” officers. It has been noted that fewer layoffs are occurring in divisions dealing with China and Mexican cartels. According to The New York Times (NYT), some officers hired in […]

Gasoline receives a decrease of 2 lira 6 kurus

As of tonight, there has been a decrease of 2 lira 6 kurus in the price of gasoline per liter. The decline in petrol prices is reflected in a discount at the pump. Starting from Friday, a discount of 2 lira 6 kurus has been applied to the price of gasoline per liter. In Istanbul, […]

Record Level Layoffs in the US

Layoffs in the US surged by 245% compared to the previous month, setting a new record. In February, a total of 172,017 people were laid off due to job cuts in the federal government, canceled contracts, trade war fears, and bankruptcies affecting the country. Challenger, Gray & Christmas, a firm that tracks layoffs, released its […]

Europe Rearms Again! Implementation of the “ReArm” Plan

Following the dispute between President Trump and Zelensky in the Oval Office, and the cutting off of military aid to Ukraine, an extraordinary summit was held in Brussels. European Commission President Ursula von der Leyen stated that with the “ReArm Europe” plan, they will not only rearm the EU but also arm Ukraine, which is […]

Attainable target in inflation: 29 percent

The central bank announced its second interest rate decision of the year and lowered rates for the third consecutive time. The Central Bank stated that domestic demand remained strong in the fourth quarter. However, continuing interest rate cuts point to risks ahead. Focusing on a target of 29 percent rather than 24 percent may be […]

Interest Rate Cut by the European Central Bank

The European Central Bank (ECB) has reduced its three key policy rates by 25 basis points in line with market expectations. During the first governing council meeting of the year, the bank announced its monetary policy decisions. As a result, the deposit interest rate was lowered from 2.75% to 2.50%. The ECB also cut the […]